Key Points Peter Thiel, one of Silicon Valley’s most prolific investors, co-founded Palantir (NASDAQ: PLTR) with Stephen Cohen, Joe Lonsdale, Alex Karp, and Nathan Gettings in 2003. Through his personal assets and venture capital fund, Thiel invested about $30 million in the new company. Before Palantir went public through a direct listing in 2020, Thiel … Read more
Bezos Plans to Sell $4B Amazon Stock: Why Investors Should Sit Tight
The whipping post
Jeff Bezos has filed to sell nearly $4 billion worth of Amazon AMZN shares, days after the company posted a blowout second-quarter report. AMZN shares fell more than 2% on Aug. 4 after Bezos’ filing, but had already rallied to a record close of $284.02 the previous day and roughly 20% since the July 30 … Read more
Crypto Market Update: Coinkite Warns of AI Code Risks After US$130 Million Hack
The whipping post
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news Here’s a quick recap of the crypto landscape for Wednesday (August 5) as of 10:00 a.m. UTC. Bitcoin price update Bitcoin (BTC) was priced at US$64,103.14, up by 0.4 percent over the past 24 hours. Chart via The … Read more
How Concerned Should Tesla Investors Be About Its Multibillion-Dollar Legal Exposure?
Key Points For all Tesla (NASDAQ: TSLA) has achieved, and it has achieved much over the past decade plus, it faces numerous near-term challenges. Global competition is only intensifying in the electric vehicle (EV) industry, its product lineup is aging despite still selling well, and price cuts have hindered profit margins. For investors still considering … Read more
The AI Boom’s Next 2 Winners May Surprise You
Listen to the audio version of this article (generated by AI). Going into last week, semiconductor stocks were already suffering their worst monthly rout since 2008. There was no single cause for the bearish turn. Wall Street grew anxious about how quickly Big Tech could turn massive AI investments into profits. Reports that NVIDIA Corporation … Read more